NEW YORK (TheStreet) -- Shares of Cobalt International Energy Inc. (CIE) are declining by -9.80% to $14.40 in mid-morning trading on Tuesday, after the company reported a net loss of -$95 million, or -23 cents per share for the 2014 second quarter, compared to a net loss of -$79 million, or -19 cents per diluted share for the year ago period.
Analysts polled by Thomson Reuters expected the oil-focused exploration and production company to report a loss of -17 cents per share for the quarter.
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